India dominates the global export market for castor oil, with substantial exports valued significantly higher than other countries. The Netherlands, Germany, and France follow, but with much lower export values. Over the past year, Malaysia showed remarkable growth, while Norway's exports also surged significantly. Conversely, countries like Australia and New Zealand saw significant declines. Year-on-year growth figures indicate variability, reflecting changes in global demand, production capabilities, and geopolitical factors influencing trade.
Future trends to watch include the potential for continued growth in developing markets such as Malaysia, and the impact of global sustainability trends on castor oil production and export. Emphasis on bio-based products may influence production and export patterns, fostering innovation and possibly leading to shifts in the primary export destinations and production capabilities.
Top countries in Export of Castor Oil or Fractions by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 980,070,000 | 2023 | +2.95% | +3.6% | View data |
| 2 | 2 Netherlands | 46,607,000 | 2023 | +2.52% | +3.78% | View data |
| 3 | 3 Germany | 27,585,000 | 2023 | +2.44% | +2.95% | View data |
| 4 | 4 France | 27,081,000 | 2023 | +0.75% | +1.32% | View data |
| 5 | 5 United States | 17,234,000 | 2023 | +2.92% | +1.93% | View data |
| 6 | 6 Thailand | 8,382,900 | 2023 | +2.09% | +5.28% | View data |
| 7 | 7 Belgium | 7,725,400 | 2023 | +2.64% | +6.33% | View data |
| 8 | 8 United Arab Emirates | 3,656,500 | 2023 | +6.5% | +1.86% | View data |
| 9 | 9 Spain | 2,437,400 | 2023 | +4.29% | +3.94% | View data |
| 10 | 10 United Kingdom | 2,037,600 | 2023 | +0.83% | +0.65% | View data |
